GLOBAL LI-ION GRAPHITE CLOSES $1.45M NON-BROKERED PRIVATE PLACEMENT

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GLOBAL LI-ION GRAPHITE CLOSES $1.45M NON-BROKERED PRIVATE PLACEMENT

LION: CSE 0TD:F

Vancouver, BC – October 28, 2017 – Global Li-Ion Graphite Corp. (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”), generating gross proceeds of $1,450,000.

Pursuant to the Private Placement, an aggregate of 2,900,000 units (each a “Unit”) were issued at a price of $0.50 per Unit. Each Unit consists of one common share and one common share purchase warrant (a “Warrant”). Each Warrant is exercisable for a term of two years at a price of $0.75 in the first year from the date of issuance, $1.00 in the second year from the date of issuance.

In connection with the closing, the Company paid finder’s fees of $54,000 and issued 108,000 finder’s warrants. The finder’s warrants have the same exercise prices and term as the Warrants.

The securities in the Private Placement will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable securities regulations.

The proceeds of the Private Placement will be used for general working capital purposes and for the further development of the Company’s ongoing projects.

Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information:

This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forwardlooking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company’s Management’s Discussion and Analysis under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.